SBA

Patriot National won't let reg order stifle its small-business plans

03/13/19

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.

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SBA renews push to raise caps for Express program

02/26/19

The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.

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Fintechs could make life easier for overtaxed SBA

02/15/19

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

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SBA has worked through backlog from last government shutdown

02/12/19

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown.

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Upset SBA borrowers take their beef to Capitol Hill

02/11/19

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.

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SBA plays catch-up as threat of another shutdown looms

01/31/19

Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.

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Shutdown threatens Midwest job growth, Huntington CEO warns

01/24/19

With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.

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Call grows louder for SBA to tackle loan application backlog

01/23/19

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends.

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Industry group urges reopening of SBA, citing impact of shutdown

01/22/19

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

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The shutdown's impact on financial services

01/13/19

Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.

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